Stock Report

Ramkrishna Forgings wins Export order of INR 575 Million



Posted On : 2022-01-13 12:26:50( TIMEZONE : IST )

Ramkrishna Forgings wins Export order of INR 575 Million

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products have won an export order to supply spindle worth INR 575 Million over a period of 3 years from one of the largest TIER-1 manufacturers in North America in CV segment.

Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Limited said: "Our strong technical capabilities in the commercial vehicle segment has helped us secure an order from one of the largest TIER-1 manufacturers in North America in the CV segment. This is also a testimony of product quality and our operational excellence. The supply contract will allow us to strengthen our order book in the exports market further which is in line with our strategy to improve our exports share in overall revenues."

Shares of Ramkrishna Forgings Limited was last trading in BSE at Rs. 981.35 as compared to the previous close of Rs. 989.65. The total number of shares traded during the day was 123760 in over 1016 trades.

The stock hit an intraday high of Rs. 996.25 and intraday low of 970.40. The net turnover during the day was Rs. 120826664.00.

Source : Equity Bulls

Keywords

RamkrishnaForgings INE399G01015 RKFORGE OrderWin ExportOrder NorthAmerica